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<blockquote data-quote="Voyageur" data-source="post: 1099544" data-attributes="member: 17953"><p>Good question. This might answer your question. </p><p></p><p>Generally, donors who give money to Name, Image, and Likeness (NIL) collectives cannot deduct the payments on their taxes as charitable contributions. The IRS ruled that because NIL payments primarily benefit specific private student-athletes rather than the general public, the contributions are not considered charitable. [<a href="https://www.cerebraltaxadvisors.com/blog/are-nil-donations-tax-deductible/" target="_blank">1</a>, <a href="https://www.hrblock.com/tax-center/income/nil-collective-contributions-taxes/" target="_blank">2</a>, <a href="https://mac.ncsu.edu/2024/09/09/the-tax-bill-for-nil/" target="_blank">3</a>, <a href="https://murphyaccounting.com/blog/the-changing-tax-picture-for-student-athletes-and-donors-in-the-nil-era" target="_blank">4</a>]</p><p>There are two primary distinctions in how these contributions are treated:</p><ul> <li data-xf-list-type="ul"><ul> <li data-xf-list-type="ul"><strong>Direct Collective Donations:</strong> Money given directly to a standard NIL collective to secure athlete endorsements or support is not tax-deductible. [<a href="https://mac.ncsu.edu/2024/09/09/the-tax-bill-for-nil/" target="_blank">1</a>]</li> </ul><ul> <li data-xf-list-type="ul"><strong>Business Deductions:</strong> If you own a business and pay an athlete directly for a valid marketing or endorsement contract, that payment can usually be deducted as a regular and necessary business expense. [<a href="https://www.reddit.com/r/UCLAFootball/comments/1pq3sbf/charitable_donation_questions/" target="_blank">1</a>, <a href="https://www.forvismazars.us/forsights/2026/05/charitable-tax-planning-under-new-limitations" target="_blank">2</a>]</li> </ul></li> </ul><p>Because tax regulations are complex, you can review the official guidance on <a href="https://www.irs.gov/businesses/small-businesses-self-employed/name-image-and-likeness-income" target="_blank">IRS Name, Image, and Likeness Income</a> for more details, or consult with a financial advisor to understand your specific giving strategy. [<a href="https://greenleaftrust.com/missives/nil-consortiums-and-charitable-deductions/" target="_blank">1</a>, <a href="https://murphyaccounting.com/blog/the-changing-tax-picture-for-student-athletes-and-donors-in-the-nil-era" target="_blank">2</a>]</p></blockquote><p></p>
[QUOTE="Voyageur, post: 1099544, member: 17953"] Good question. This might answer your question. Generally, donors who give money to Name, Image, and Likeness (NIL) collectives cannot deduct the payments on their taxes as charitable contributions. The IRS ruled that because NIL payments primarily benefit specific private student-athletes rather than the general public, the contributions are not considered charitable. [[URL='https://www.cerebraltaxadvisors.com/blog/are-nil-donations-tax-deductible/']1[/URL], [URL='https://www.hrblock.com/tax-center/income/nil-collective-contributions-taxes/']2[/URL], [URL='https://mac.ncsu.edu/2024/09/09/the-tax-bill-for-nil/']3[/URL], [URL='https://murphyaccounting.com/blog/the-changing-tax-picture-for-student-athletes-and-donors-in-the-nil-era']4[/URL]] There are two primary distinctions in how these contributions are treated: [LIST] [*][LIST] [*][B]Direct Collective Donations:[/B] Money given directly to a standard NIL collective to secure athlete endorsements or support is not tax-deductible. [[URL='https://mac.ncsu.edu/2024/09/09/the-tax-bill-for-nil/']1[/URL]] [/LIST] [LIST] [*][B]Business Deductions:[/B] If you own a business and pay an athlete directly for a valid marketing or endorsement contract, that payment can usually be deducted as a regular and necessary business expense. [[URL='https://www.reddit.com/r/UCLAFootball/comments/1pq3sbf/charitable_donation_questions/']1[/URL], [URL='https://www.forvismazars.us/forsights/2026/05/charitable-tax-planning-under-new-limitations']2[/URL]] [/LIST] [/LIST] Because tax regulations are complex, you can review the official guidance on [URL='https://www.irs.gov/businesses/small-businesses-self-employed/name-image-and-likeness-income']IRS Name, Image, and Likeness Income[/URL] for more details, or consult with a financial advisor to understand your specific giving strategy. [[URL='https://greenleaftrust.com/missives/nil-consortiums-and-charitable-deductions/']1[/URL], [URL='https://murphyaccounting.com/blog/the-changing-tax-picture-for-student-athletes-and-donors-in-the-nil-era']2[/URL]] [/QUOTE]
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